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Andrew and Mary, both aged 33, are married with their 5-year-old daughter. The family is currently living in a 4-room HDB flat in Sengkang. They

Andrew and Mary, both aged 33, are married with their 5-year-old daughter.

The family is currently living in a 4-room HDB flat in Sengkang. They bought it when they first got married 6 years ago and have taken a HDB loan of $300,000 over a 25-year loan tenure.

The interest rate is 3.5%

Question: Calculate the mortgage outstanding on their HDB Flat.

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